The Alternative Investment Market (Aim) welcomed a new technology company to its ranks this week, RapidCloud International (RCI), which helps 36,000 small and medium-sized businesses in Malaysia with their web-based services.
RapidCloud is the 11th Malaysian company to come to Aim and investors who participated in its £1m placing at 54p a share will hope the company is as successful as Fusionex International (FXI), a Malaysian enterprise software company that floated on Aim in December at 150p and currently trades at 327p.
Already well established in Malaysia, and having been in business for over 10 years, RapidCloud went public in order to scale up its business and fund geographic expansion into Indonesia - and eventually the rest of south-east Asia.
